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Variable Interest Entities (Tables)
9 Months Ended
Sep. 30, 2016
Variable Interest Entities [Abstract]  
Summary of Assets and Liabilities Related to Consolidated Variable Interest Entities
The following table summarizes assets and liabilities related to our consolidated VIEs at September 30, 2016 and December 31, 2015 which are consolidated on our balance sheet. Assets and liabilities exclude intercompany balances that eliminate in consolidation.
 
September 30, 2016
 
December 31, 2015
  
Consolidated
Assets
 
Consolidated
Liabilities
 
Consolidated
Assets
 
Consolidated
Liabilities
 
(in millions)
Low income housing limited liability partnership:
 
 
 
 
 
 
 
Other assets
$
248

 
$

 
$
320

 
$

Long-term debt

 
79

 

 
92

Interest, taxes and other liabilities

 
55

 

 
68

Total
$
248

 
$
134

 
$
320

 
$
160

Variable Interests Held by Us and Our Maximum Exposure to Loss Rising From Our Involvements in Those VIEs
The following table provides additional information on these unconsolidated VIEs, including the variable interests held by us and our maximum exposure to loss arising from our involvements in these VIEs, at September 30, 2016 and December 31, 2015:
 
 
Variable Interests
Held Classified
as Assets
 
Variable Interests
Held Classified
as Liabilities
 
Total Assets in
Unconsolidated
VIEs
 
Maximum
Exposure
to Loss
 
(in millions)
At September 30, 2016
 
 
 
 
 
 
 
Structured note vehicles
$
2,884

 
$
7

 
$
5,903

 
$
5,895

Limited partnership investments
275

 
197

 
1,115

 
275

Refinancing SPE
477

 

 
1,206

 
477

Total
$
3,636

 
$
204

 
$
8,224

 
$
6,647

At December 31, 2015
 
 
 
 
 
 
 
Asset-backed commercial paper conduit
$
58

 
$

 
$
15,183

 
$
3,362

Structured note vehicles
2,870

 
8

 
5,888

 
5,879

Limited partnership investments
138

 
121

 
302

 
138

Refinancing SPE(1)
1,181

 

 
1,252

 
1,181

Total
$
4,247

 
$
129

 
$
22,625

 
$
10,560


 
(1) 
During 2016, we revised the above table to include a refinancing SPE which was an unconsolidated VIE at December 31, 2015 as discussed further below. This revision did not have any impact on our financial position or results of operations.